Kelly Gordon Rogers Frisco, TX--This blog is dedicated to telling the Truth about convicted Felon Kelly Gordon Rogers (A former TX Attorney), exercising my First Amendment rights to Free Speech, and acting in a matter of "public concern" for the sole purpose of protecting individuals from getting involved in his financial schemes...and celebrating our 8th year of Public Service!

Sunday, November 1, 2009

Kelly G Rogers attempts to sell another scheme

Another investment scam has been uncovered. We bring this information to the general public as a warning that Kelly G Rogers has learned nothing by the civil and criminal suits he's faced since his the Lionheart Oil and Gas debacle back in 2006. This latest example illustrates perfectly why this website has been established.

According to the Joint Venture Agreement dated March 27th, 2009, the scheme purported to allow Kelly G Rogers to market a "Digital Business Card" and have an exclusive in the MLM and Network Marketing industry. A list of 72 MLM clients are listed in the attached Joint Venture Agreement. The agreement would assign "Potential Commissions and Profits" to the investor in exchange for investment increments of $50.000. According to the JV agreement; "Rogers has acquired the exclusive rights to market the JumpLab Digital Business Card to any and all Multilevel Marketing Organizations listed on Exhibit A. Rogers hereby agrees to assign $250,000 of the potential commissions and profits received from those interests to (name) for every $50,000 contributed to the Joint Venture by (name), up to, but not more than, $150,000 for and assignment of $750,000 of commissions and profits from the sale of JumpLabs cards".

First, while Lawyer Kelly G Rogers makes the claim that Kelly G Rogers has "acquired the exclusive rights to market the JumpLab Digital Business Card to ANY AND ALL MULTILEVEL MARKETING ORGANIZATIONS LISTED ON EXHIBIT A, a closer look at Exhibit A shows at least 6 that are "Taken" or the comment "Hmmmm".

Second, this JV Agreement is written on March 27th, 2009. Rogers filed bankruptcy in July 27th of 2009 just days before he was indicted. If an investor had given money to the Rogers Family LP, would they have ended up as an "Unsecured Non-Priority Creditor" on Kelly Rogers bankruptcy filing only 4 months later?

Third, who borrows money to begin a sales organization anyways? Earning commissions is risky at best. Who knows if clients will even purchase your product? Is it priced right, does a need exist? This is the equivalent of loaning someone money to invest in the stock market.

Last. We spoke to a representative from JumpLabs and they said they'd broken off discussions with Lawyer Kelly G Rogers. They stated he should not be representing the company and if we heard he was, they instructed us to call them immediately. So, if the investor had invested in this project and JumpLabs had broken off the agreement, would Kelly G Rogers refund the investors money?

All good reasons to stay away from this financial predator at all costs.